EURCADBig old swing trade here. Massive liquidity zone here, looking for rejection to take a short down to the -61.8.
6 month swing trade
1150 PIP GAIN
RR 14/1
Eurcadidea
EURCAD positioning for SHORT ENTRYEURCAD is now doing what be said some days before, the operation we gived it's now on 160 pips in profit for our crew and we expect 40/50 pips more. Returning to the analysis, in this moment the value is surpassing a monthly KL so there are two possible scenes, the accumulation now to fall or the second one and what we expect: the retest in the supply, retesting at 50% of fibo in 4H and the posterior fall.
In both cases, we will wait for the confirmation and after this confirmation we can go in, good luck and enjoy the pips!!
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EURCAD - LONG, Downtrend is over.Wait next H1 Candle closure to confirm double bottom.
Huge Take Profit and tight Stop Loss.
EURCAD SHORT IDEAI don't usually spend time on complex corrections, but this might be a good opportunity to sell.
Good luck,
Fibz
EURCAD is on strong support levelwe have strong support trend line at this level and many times it test it. we expect to pull back from here again
My Idea on EURCAD for a couple of days On EURCAD Im seeing a bearish trend so ill be looking for sales but Im following this trade because Im still seeing a resistance at .45951 ( Feel free to leave a comment )
EURCAD, continuous downwards... D1
-->> structure: downtrend
-->> tendency: strong downward momentum
-->> very weak chance to move up
-->> sell to target
EURCAD DThe pair has reached a somehow interesting area. On the one hand it broke a long term trendline on the 3rd of July but now seems to have found support at the 1.468 area. I believe the pair can rally to retest the resistance at the 1.4915 area. Reasons for believing this are :
1) Support area at 1.468 has been respected
2) We saw the formation of a pinbar breaching the support area but closing the day just over it or on it.
3) RSI is in overbought area
4) MACD seems to confirm the reversal by gaining some strength
Please comment if you have a different view.
Trade safe!!
EurCad Long That wawe analysis i 90 % work. But 10 % is risk thats why all trader should know their risk.
EurCad Long
EurCad LongThat wawe analysis i 90 % work. But 10 % is risk thats why all trader should know their risk.
EurCad Long
POSSIBLE EURCAD SHORT SETUP IDEAToday price has tested a daily trendline which is in confluence with the 200ema and has showed rejection of this zone, but there is a secondary zone delimited for two trendlines 4 hour timeframe giving an extended zone around 1.5165 & 1.5190. So, keep an eye be patient and remember tomorrow is friday (trap day) and maybe this will be a good setup for next week.
EUR/CAD Bullish trend pay attention in fibo levelEUR/CAD Bullish trend pay attention in fibo level
Watch and wait price action in vital price & area
Write trading planing and exit planing to backup your trade if your analysis going wrong
Always write exit planing first before you go in market calculate the risk according to which you are able to receive it
limit your losses and let gains run
EURCAD - SHORT - SWING SETUPEurcad - Weekly chart - bold call on this pair for a big swing down, although monthly chart looks neutral.
EURCADCounter Trend Trade. My idea is to trade the pullback at least to the first bear fractal on the 4H chart. Daily chart shows a big bullish candle and the price may still goes up touching the top line of the resistance level. My psychological resistance level is based on the resistance level in 2016 previously. Why I take this trade is because the inverted hammer is a strong indication of reversal especially when it is on the support and resistance level. Be mindful that counter trend trade is a lot more risky than trading with the trend. This may also be a bear trap. Let see how it goes :)
EURCADCounter Trend Trade. My idea is to trade the pullback at least to the first bear fractal on the 4H chart. Daily chart shows a big bullish candle and the price may still goes up touching the top line of the resistance level. My psychological resistance level is based on the resistance level in 2016 previously. Why I take this trade is because the inverted hammer is a strong indication of reversal especially when it is on the support and resistance level. Be mindful that counter trend trade is a lot more risky than trading with the trend. This may also be a bear trap. Let see how it goes :)
